SM Energy (SM) EBITDA (2009 - 2026)
SM Energy's EBITDA was $820 million in Q3 2026, up 42.9% from $574 million a year earlier but down 60.6% from the prior quarter.
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Analysis
SM Energy (SM) EBITDA (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, SM Energy's EBITDA was $3.54 billion through Sep 30, 2026, up 56.2% year-over-year; for FY2025, it was $2.22 billion, up 17.2% from FY2024.
- In earlier years, EBITDA was $1.89 billion in FY2024 (+12.5%), $1.68 billion in FY2023 (-23.3%), $2.19 billion in FY2022 (+119.2%) and $1 billion in FY2021.
- Quarterly EBITDA has moved between $129 million (Q1 2026) and $2.08 billion (Q2 2026) over five years.
- Compared with a year earlier, EBITDA was higher in six of the last eight quarters, with growth averaging 39.4%.
- The best year-over-year quarter for EBITDA over five years was Q2 2026 (growth of 253.1%); the worst was Q1 2026 (a decline of 76.5%).
- Per Business Quant data, SM's EBITDA in the three quarters before Q3 2026 was $2.08 billion (Q2 2026), $129 million (Q1 2026) and $503 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 28.22 Bn |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 24.40 Bn |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 20.20 Bn |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 30.84 Bn |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 3.94 Bn |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 13.20 Bn |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 15.06 Bn |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 10.23 Bn |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 7.94 Bn |
| 10 | SM Energy | 7.71 Bn | 5.83 Bn | 1.60 Bn | 820.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 820.00 Mn |
| Jun 30, 2026 | 2.08 Bn |
| Mar 31, 2026 | 129.00 Mn |
| Dec 31, 2025 | 503.00 Mn |
| Sep 30, 2025 | 574.00 Mn |
| Jun 30, 2025 | 590.00 Mn |
| Mar 31, 2025 | 549.00 Mn |
| Dec 31, 2024 | 549.57 Mn |
| Sep 30, 2024 | 536.08 Mn |
| Jun 30, 2024 | 460.40 Mn |
| Mar 31, 2024 | 345.95 Mn |
| Dec 31, 2023 | 499.52 Mn |
| Sep 30, 2023 | 386.32 Mn |
| Jun 30, 2023 | 368.56 Mn |
| Mar 31, 2023 | 427.61 Mn |
| Dec 31, 2022 | 487.64 Mn |
| Sep 30, 2022 | 769.45 Mn |
| Jun 30, 2022 | 671.23 Mn |
| Mar 31, 2022 | 265.23 Mn |
| Dec 31, 2021 | 678.35 Mn |
API Access
SM Energy EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda&ticker=SM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "ticker": "SM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda&ticker=SM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();